Locai

Deeptech startup Locai has raised £1 million in pre-seed funding led by Fuel Ventures to develop its off-cloud AI infrastructure. This funding aims to address the escalating costs and privacy concerns associated with cloud-based inference by shifting AI processing to users' devices, transforming variable cloud costs into predictable fixed expenses. The startup targets SaaS and desktop AI companies reliant on per-API-call billing, helping them transition to a more stable cost model.